Found a 20 unit apartment at a pretty hot price that is about 150 miles from the nearest big city.

(Agreement was i wouldnt pay for renovations I would live rent free until I made my money back and she would sell the house to me in 2 years which she no longer wants to do which is fine but...If she sells i can get my money back i put into it)What still needs to be done, Foundation isnt looking good, structurally walls are cracking as if the house is sinking hard to explain without pictures, roof, siding, gutters, front porch, hot water tanks are old, basement floods, backyard fence is about to fall over and if it does its going to hit a lot of cars next door and she is going to be in a really bad position, and the upstairs needs a total gut its in terrible shape.

Short-term renting it is an option, but that particular area isn't a hot market for it and it would require a lot of time to manage.

Spending a bunch of time talking to banks (especially) is a waste of time for an investment property as we're in a hot seller's market.

I would say Philly market is hot now despite the pandemic.

I feel the market is too hot . every fourplex I was interested lasted less than a week to get under contract .

I'm starting to expand my search because of how "hot" the market is.When does everyone think this market will cool down in terms of being a seller's market?

Depending on the size and layout of the property, costs should be in-line with what you're looking at with other options.What about Hot Water? 

The hot thing in our market now however is many are jumping on the Airbnb band wagon.

I would not go with anyone charging less than $10.Plus turf gets hot and not everyone likes it.